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Minimal economic impact expected

The Bank of Thailand remains confident that economic growth this year would not dip below 3 per cent, despite the surge in oil prices. “If the spike continues for no more than a few months, the economic impact will be minimal. An impact could be seen if the spike goes longer than three months. But gross domestic product growth should not fall below the lowest range of our forecast,” Mathee Supapongse, senior director for the domestic economy, said yesterday. The Nation


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